News in Brief

ITFC Approves €140m Murabaha/Wakala Financing for Sustainable Energy and Groundnut Sectors in Senegal Jeddah - The International Islamic Trade Finance Corporation (ITFC), the trade fund of the Islamic Development Bank…

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Saudi NDMC Taps International Market with US$2bn Sukuk and Closes Eleventh Consecutive Monthly Domestic Sukuk in November as Total for January-November 2021 Touches SAR75bn (US$20bn) Mark

The Saudi sovereign Sukuk market continued its buoyancy in October and November 2021 with several developments in both the domestic and international markets.The National Debt Management Centre (NDMC) of the…

Continue Reading Saudi NDMC Taps International Market with US$2bn Sukuk and Closes Eleventh Consecutive Monthly Domestic Sukuk in November as Total for January-November 2021 Touches SAR75bn (US$20bn) Mark

Tenaga, Bank Islam and Air Selangor all Tap Malaysian Sukuk Market with an Aggregate RM4.3bn (US$1,019m) of Issuances in November 2021

One of the signs that the Malaysian economy is in recovery mode is the surfeit of Sukuk issuances by top Malaysian corporates in November 2021.Malaysian electricity utility giant Tenaga Nasional…

Continue Reading Tenaga, Bank Islam and Air Selangor all Tap Malaysian Sukuk Market with an Aggregate RM4.3bn (US$1,019m) of Issuances in November 2021

Syndicated Murabaha Facilities for Trade and Sustainable Projects Flourish in Pakistan as US$933m of Deals Signed in November 2021 with State-owned Agencies and Private Sector

Pakistan has emerged as a growing market for Islamic financing facilities accessed by the federal and state governments, state agencies, local corporates and financial institutions. During 2021 there have been…

Continue Reading Syndicated Murabaha Facilities for Trade and Sustainable Projects Flourish in Pakistan as US$933m of Deals Signed in November 2021 with State-owned Agencies and Private Sector

Malaysia’s Agrobank Issues Maiden RM500m (US$119m) Sukuk Wakalah Bi Al-Istithmar with Strict Use of Proceeds Linked to Achieving UN Sustainable Development Goals

Malaysia’s Agrobank (Bank Pertanian Malaysia Berhad) successfully closed its debut Sukuk on 18 October 2021 – a RM500 million (US$118.98 million) Sukuk Wakalah Bi Al-Istithmar. Agrobank is a Development Financial…

Continue Reading Malaysia’s Agrobank Issues Maiden RM500m (US$119m) Sukuk Wakalah Bi Al-Istithmar with Strict Use of Proceeds Linked to Achieving UN Sustainable Development Goals

Robust Investor Appetite Marks Emirates Islamic’s Return to International Market with US$500m Benchmark Sukuk Wakala Offering as GCC Banks’ Post-pandemic Recovery Continues

Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the UAE, successfully closed the issuance of its latest Sukuk offering - a benchmark US$500 million 5-year Sukuk…

Continue Reading Robust Investor Appetite Marks Emirates Islamic’s Return to International Market with US$500m Benchmark Sukuk Wakala Offering as GCC Banks’ Post-pandemic Recovery Continues

NEWS in BRIEF

NEWS in BRIEFIsDB Board Approves US$130m Total New Financing for Sustainable Development Projects in Four Member Countries in September 2021Jeddah - The Board of Executive Directors of the Islamic Development…

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